
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 48USC1397]

 
              TITLE 48--TERRITORIES AND INSULAR POSSESSIONS
 
                        CHAPTER 7--VIRGIN ISLANDS
 
                    SUBCHAPTER I--GENERAL PROVISIONS
 
Sec. 1397. Income tax laws of United States in force; payment of 
        proceeds; levy of surtax on all taxpayers
        
    The income-tax laws in force in the United States of America and 
those which may hereafter be enacted shall be held to be likewise in 
force in the Virgin Islands of the United States, except that the 
proceeds of such taxes shall be paid into the treasuries of said 
islands: Provided further, That, notwithstanding any other provision of 
law, the Legislature of the Virgin Islands is authorized to levy a 
surtax on all taxpayers in an amount not to exceed 10 per centum of 
their annual income tax obligation to the government of the Virgin 
Islands.

(July 12, 1921, ch. 44, Sec. 1, 42 Stat. 123; Pub. L. 94-392, Sec. 5, 
Aug. 19, 1976, 90 Stat. 1195.)

                       References in Text

    The income-tax laws in force in the United States of America, 
referred to in text, are classified to Title 26, Internal Revenue Code.

                          Codification

    Section is from act July 12, 1921, popularly known as the Naval 
Service Appropriation Act, 1922.


                               Amendments

    1976--Pub. L. 94-392 inserted proviso authorizing Legislature of 
Virgin Islands to levy a surtax, not to exceed 10 per centum, on annual 
income tax obligation of all taxpayers.


Application of Western Hemisphere Trade Corporation Provision Under the 
                         Virgin Islands Tax Laws

    Pub. L. 92-178, title III, Sec. 307, Dec. 10, 1971, 85 Stat. 524, 
provided that for purposes of applying the income tax laws of the United 
States with respect to the Virgin Islands under this section, subpart C 
of part III of subchapter N of chapter 1 of the Internal Revenue Code of 
1954 [former 26 U.S.C. 921, 922] (relating to Western Hemisphere Trade 
Corporations) shall be treated as having been repealed effective with 
respect to taxable years beginning after Dec. 10, 1971.


                            Cross References

    All provisions of laws of the United States applicable to assessment 
and collection of taxes imposed by Internal Revenue Code as applicable 
to possessions, see section 7651 of Title 26, Internal Revenue Code.
    Disposition of proceeds of taxes on articles produced in the Virgin 
Islands and transported into the United States, see section 7652 of 
Title 26.
    Use of proceeds of United States income tax collected in the Virgin 
Islands, see section 1642 of this title.
    Taxation of income derived from sources within the United States, 
see section 933 of Title 26.

                  Section Referred to in Other Sections

    This section is referred to in title 26 section 934.
